INVESTORS

Forms & Information

Issuers of corporate securities are required to complete Internal Revenue Service Form 8937 to report organizational actions, including nontaxable distributions that affect the basis of the securities involved in the organizational action. Form 8937 is supplemental information solely for the use of the intended recipient(s) and should not be relied upon as legal, tax, accounting, or similar advice. The recipient is urged to consult its own legal and tax advisors for any such matters as the Fund does not provide any such advice.

FINANCIALS

PERFORMANCE

FUND PERFORMANCE1

Period

Total Return (No Sales Load)

Total Return (Max. Sales Load)

YTD

0.89%

(5.9%)

6 Months

3.6%

(3.4%)

1 Year

10.0%

2.6%

Inception to Date

16.68%

8.8%

1. Returns are not annualized and returns are as of February 28, 2025. Inception date is October 13, 2023. Returns shown reflect the percent change in NAV per share from the beginning of the applicable period, plus the amount of any distribution per share declared in the period. All returns shown assume reinvestment of distributions pursuant to the Fund’s distribution reinvestment plan, are derived from unaudited financial information and are net of all Fund expenses, including general and administrative expenses, transaction related expenses, management fees, and incentive fees. Past performance is not indicative of, or a guarantee of, future performance. Returns listed as “(Max Sales Load)” assume payment of the full upfront sales load at initial subscription (6.75%). Return information is not a measure used under GAAP. The returns have been prepared using unaudited data and valuations of the underlying investments in the Fund’s portfolio, which are estimates of fair value and form the basis for the Fund’s NAV. Valuations based upon unaudited reports may not correspond to realized value and may not accurately reflect the price at which assets could be liquidated. Performance reflects certain expense limitation and fee waiver arrangements in effect during the periods shown. Absent these arrangements, the Fund’s performance would have been lower. Certain expenses paid by the Advisor or its affiliates on the Fund’s behalf are subject to reimbursement by the Fund for up to three years (which reimbursement would have the effect of reducing the Fund’s performance). Performance does not reflect the impact of federal, state or local taxation to which an investor may be subject.

DISTRIBUTIONS2

Ex-Date

Distributions per Share

Payable Date

3/24/2025

$0.091

3/31/2025

2/19/2025

$0.091

2/28/2025

1/21/2025

$0.091

1/31/2025

12/16/2024

$0.093

12/31/2024

11/18/2024

$0.093

11/29/2024

10/22/2024

$0.093

10/31/2024

9/27/2024

$0.095

9/30/2024

2. Distributions are not guaranteed in frequency or amount.

SHARE PRICES

Date

NAV per Share

Brokerage Offering Price

Affiliated RIA Offering Price

Institutional Offering Price

     

2/28/2025

$10.13

$10.86

$10.21

$10.13

1/31/2025

$10.18

$10.92

$10.26

$10.18

12/31/2024

$10.23

$10.97

$10.31

$10.23

11/30/2024

$10.30

$11.05

$10.38

$10.30

10/31/2024

$10.38

$11.13

$10.46

$10.38

9/30/2024

$10.38

$11.13

$10.46

$10.38

8/31/2024

$10.35

$11.10

$10.43

$10.35

7/31/2024

$10.75

N/A

N/A

$10.75

6/30/2024

$10.61

N/A

N/A

$10.61

5/31/2024

$10.60

N/A

N/A

$10.60

4/30/2024

$10.32

N/A

N/A

$10.32

3/31/2024

$10.26

N/A

N/A

$10.26

2/29/2024

$10.61

N/A

N/A

$10.61

1/31/2024

$10.53

N/A

N/A

$10.53

12/31/2023

$10.35

N/A

N/A

$10.35

CORPORATE GOVERNANCE

BOARD OF TRUSTEES

Thomas P. Majewski

Chairman, Interested Trustee

James R. Matthews

Interested Trustee

Scott W. Appleby

Independent Trustee

Kevin F. McDonald

Independent Trustee

Paul E. Tramontano

Independent Trustee

Jeffrey L. Weiss

Independent Trustee

OFFICERS

Thomas P. Majewski

Chief Executive Officer and Principal Executive Officer

Kenneth P. Onorio

Chief Financial Officer, Principal Accounting Officer and Chief Operating Officer

Nauman S. Malik

Chief Compliance Officer

Courtney B. Fandrick

Secretary

FAQ

  • Eagle Point Enhanced Income Trust (the “Fund”) is a non-diversified, closed-end investment company that is registered under the Investment Company Act of 1940.

    Our primary investment objective is to generate high current income, with a secondary objective to deliver capital appreciation. The Fund seeks to capture Eagle Point’s distinct competitive edge in high income-oriented and overlooked areas of credit including PDS, Strategic Credit and CLO investment strategies.

  • Eagle Point Administration LLC (the “Administrator”), an affiliate of the Adviser, is the administrator of the Fund. Pursuant to the Administration Agreement between the Administrator and the Fund, the Administrator furnishes the Fund with office facilities and equipment, and clerical, bookkeeping and recordkeeping services. Under the Administration Agreement, the Administrator also performs, or arranges for the performance of, required administrative services, including accounting services, assistance in determining the Fund’s net asset value, the preparation of financial statements, oversight of the preparation and filing of tax returns and the printing and dissemination of reports to the Fund’s shareholders, general oversight of the payment of Fund expenses and the performance of sub-administrative and professional services rendered by others, and the provision of such other administrative services as the Fund may from time to time designate or require.

  • Subject to our Board of Trustees' discretion and applicable legal restrictions, we intend to authorize and declare ordinary cash distributions on a quarterly basis and pay such distributions on a monthly basis. In the event of a distribution, we anticipate a portion of such distributions, if made, to be paid from income primarily generated by interest income earned on our investment portfolio, and a portion of such distributions may also comprise a return of capital. The Fund may pay distributions in significant part from sources that may not be available in the future and that are unrelated to the Fund’s performance, such as from offering proceeds or borrowings, which may constitute a return of capital and reduce the amount of capital available to us for investment. No assurance can be given that we will be able to declare such distributions in future periods, and our ability to declare and pay distributions will be subject to a number of factors, including our results of operations. Information about historical distributions paid to common shareholders can be found on the website.

  • The Fund has adopted an “opt in” distribution reinvestment plan (“DRIP”) pursuant to which shareholders may elect to have the full amount of their cash distributions reinvested in additional shares. Shares will be issued pursuant to the DRIP at a price equal to a 5% discount to the net asset value. There is no sales load or other charge for distributions reinvestment. Participants in the Fund’s DRIP are free to elect or revoke reinstatement in the DRIP within a reasonable time as specified in the plan. If shareholders elect to participate in the DRIP, distributions on shares are automatically reinvested in additional shares by the DRIP agent. Holders of our shares who receive distributions in the form of additional shares are nonetheless required to pay applicable federal, state or local taxes on the reinvested distribution and will not receive a corresponding cash distribution with which to pay any applicable tax.

  • Dividends are generally taxable for U.S. shareholders as ordinary income or capital gains. The Fund will generally send shareholders a Form 1099-DIV as promptly as possible after the end of each calendar year. The Form 1099-DIV details the amounts includible in such U.S. shareholder’s taxable income for the year as ordinary income and/or as long-term capital gains.